01 Equator
Technology
Provider
Equator Private provides the technology platform, digital interface, customer experience and related technology and programme-management services.
Regulatory & banking relationship
Regulatory
& Banking
Equator Private is a financial technology (FinTech) company providing technology-enabled financial and payment solutions, operating in partnership with Sohar International Bank, licensed and regulated by the Central Bank of Oman.
FinTech platform
Sohar International Bank
Central Bank of Oman
Contact compliance
On this page
The
Relationship
Equator Private provides the technology; banking is provided by a licensed institution. Here is how the two roles are separated.
Technology
02 Bank
Banking By
Sohar International
Banking, account, payment, settlement and, where applicable, safeguarding services are provided by Sohar International Bank or by another appropriately licensed financial institution.
03 Together
One Seamless
Experience
Equator’s technology and the licensed bank’s regulated services combine into a single, secure experience: fast onboarding, real-time payments and 24/7 access, backed by bank-grade protection and oversight.
Regulatory
Responsibility
The regulated financial services made available through the Equator platform are provided by the appropriately licensed financial institution.
Where a service is provided by another regulated institution, the relevant provider and regulatory status will be identified in the applicable terms and conditions.
Equator Private’s role is limited to the provision of technology, platform, programme management and related services within the scope of its contractual arrangements with the relevant regulated financial institution.
| Regulated banking institution | Detail |
|---|---|
| Institution | Sohar International Bank SAOG |
| Regulator | Central Bank of Oman (CBO) |
| Regulatory status | Licensed commercial bank; designated a Domestic Systemically Important Bank (D-SIB) by the Central Bank of Oman |
| Head office | P.O. Box 44, Postal Code 114, Hai Al Mina, Muscat, Oman |
Muscat, Oman
Client Funds
Where applicable, customer funds are held, maintained and/or safeguarded by Sohar International Bank or another appropriately licensed financial institution.
Equator Private does not take ownership of customer funds and does not have unrestricted access to customer funds. The handling, safeguarding and movement of customer funds are subject to the applicable regulatory requirements and the terms governing the relationship between the customer and the regulated financial institution.
Funds safeguarded
No unrestricted access
Regulated custody
Customer
Relationship
Depending on the product and service concerned, the regulated financial institution may be the provider of the underlying banking or payment service, while Equator Private provides the technology platform and customer-facing interface through which such services are accessed.
Customers will be informed of the identity of the regulated service provider and the applicable terms and conditions before entering into the relevant financial service relationship.
Compliance &
Financial Crime
Equator Private maintains appropriate policies and controls relating to customer onboarding, KYC, AML/CFT, sanctions screening, transaction monitoring and data protection, in accordance with the requirements applicable to its role and contractual arrangements with the relevant regulated financial institution.
The regulated financial institution remains responsible for the regulatory obligations applicable to the banking and financial services it provides.
KYC
AML / CFT
Sanctions screening
Transaction monitoring
Data protection
Contact & Regulatory
Information
For questions concerning the regulatory status of a particular financial service, customers may contact our Compliance team.
| Equator Private | Equator Group |
| Registered address | 18th November St, Al Ghubra, Muscat, Oman |
| Compliance contact | [email protected] |
| Banking partner | Sohar International Bank SAOG |
| Regulator | Central Bank of Oman (CBO) |
| Regulatory information | Sohar International Bank SAOG appears on the Central Bank of Oman register of licensed banks. See cbo.gov.om. |
This page is provided for information and transparency purposes only. It does not constitute an offer, solicitation or financial advice. The identity of the regulated service provider and the applicable terms and conditions are made available before entering into any financial service relationship. For any question regarding regulatory status, contact [email protected].